Skip to content 
Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.11943 with take profit at 1.12092
Bearish Preference:
Sell position is envisaged if price trades below 1.11571 with take profit at 1.11379
Fundamentals:
9:30am GBP Flash Manufacturing PMI
GBP Flash Services PMI
2:45pm USD Flash Services PMI
Comment:
GBP/USD fell 0.3% to 1.1223, just off a new 37-year low of 1.1213 hit overnight, with the Bank of England’s move to lift interest rates by 50 basis points on Thursday having little impact on the beleaguered pound.
Analysis: SCRUM Team
